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On the hourly chart, USD/JPY has fallen below the 200-hour MA (blue line) as sellers appear to be coming back.
The Nikkei is only up by 0.58% on the day now as we head towards the close, after being higher by more than 2% earlier as equities rebounded. It's still nervy times in Asia as Chinese stocks are extending losses from yesterday, so we may yet be in the clear when it comes to Asian trading.
